DALLAS--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today the Department of
Energy National Nuclear Security Administration (NNSA) awarded the
management and operating (M&O) contract for the Nevada National Security
Site (NNSS) near Las Vegas to Mission Support and Test Services LLC
(MSTS), a joint venture led by Honeywell. MSTS is a limited liability
company including Honeywell International Inc., and equity partners
Jacobs and Stoller Newport News Nuclear, Inc. The award is valued at $5
billion over 10 years if all options are exercised.
“Jacobs is pleased to directly support the NNSA in their critical
mission to enhance and ensure the future of the Nuclear Security
Enterprise,” said Jacobs Aerospace and Technology Senior Vice President
Ward Johnson. “This contract builds on our successful track record for
design and construction of DOE nuclear facilities and our status as a
major provider of management and operations of nationally critical
infrastructure, and furthers our position as a premier global provider
of nuclear life-cycle solutions.”
The NNSS testing facility and training ground supports a variety of
national security experiments that promote the security of the U.S. and
its allies through the development of nuclear deterrent and critical
emergency response capabilities. A former nuclear test site, the
1,360-square mile NNSS serves as a major center for research and
development advancing international nuclear monitoring and verification
capabilities, as well as radiological/nuclear emergency response
capabilities and training.
MSTS’ mission is to manage and operate the NNSS contract safely,
securely, effectively and efficiently while adhering to impeccable
ethical standards. MSTS is committed to be the high- hazard
experimentation and mission-service provider of choice for U.S. National
Security customers. Phase-in of the NNSS M&O contract began August 1,
2017, and is on track for successful conclusion in November.
Jacobs is one of the world’s largest and most diverse providers of
full-spectrum technical, professional and construction services for
industrial, commercial and government organizations globally. The
company employs over 54,000 people and operates in more than 25
countries around the world. For more information, visit www.jacobs.com.
Statements made in this release that are not based on historical fact
are forward-looking statements. We base these forward-looking statements
on management’s current estimates and expectations as well as currently
available competitive, financial and economic data. Forward-looking
statements, however, are inherently uncertain. There are a variety of
factors that could cause business results to differ materially from our
forward-looking statements. For a description of some of the factors
which may occur that could cause actual results to differ from our
forward-looking statements please refer to our Form 10-K for the year
ended September 30, 2016, and in particular the discussions contained
under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and
7 - Management's Discussion and Analysis of Financial Condition and
Results of Operations. We do not undertake to update any forward-looking
statements made herein.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170906005726/en/
Source: Jacobs Engineering Group Inc.